User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


66° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Is Summer The Time To Purchase A Home?

June 24, 2012, 10:39 PM by Lindsey Branwall

Is Summer The Time To Purchase A Home?
SIOUX FALLS, SD -

New home sales dropped 1.5 percent across the country in May. Despite reports that prices will go up the rest of the year, interest rates remain low.  But take a South Dakota open house tour and you'll notice the number of shoes at each doormat are up.

But the price of homes is also expected to rise.

"We have seen the prices come up some, but they're certainly not where they were four or five years ago," Real Estate Agent Sharen Harms said.

One report expects costs to rise two percent over the next six months. Real estate company owner Jim Costello feels any changes won't sway local homebuyers. 

"If the prices go up one to two percent or even five percent or even if they remain stable that will affect the buyers that are out looking," Costello said.

"In the summertime the prices will stay the same but activity will be going [up] much more. I've already seem a few families today," Broker Associate Les Pietruszkiewocz said.

Terry Nielan is one of them. He brought half of his family to an open house along 26th Street.

"We need at least three plus bedrooms, two plus bathrooms because as these two get older it's gonna be more.  So we're looking for size," Nielan said.

Nielan's also looking to find the family a home for next school year. Harms agrees with the summertime trend.

"Activity has picked up significantly since probably early March because of our favorable spring," Harms said.

Twenty-two people stopped by the open house in just an hour and a half. She hopes to get an offer by tomorrow.  But whether it's the weather or numbers, summer buying season is in full swing

Realtors were happy to give out a few tips for those buying or selling a home. Some of the big ones were to get finances in order and do plenty of research, but mostly keep an open mind and look at a variety of homes.

Previous Story

Next Story


Comments







 
Find Local Businesses on KELO Pages!

View business

You may also like

Former Sioux Falls Executive Investigated For Animal Abuse

8/28/2014 4:15 PM

A former Hot Stuff/Orion Foods President is being investigated for dog abuse in Canada.

Full Story
Westward Ho Country Club Changes Name

8/28/2014 12:56 PM

The Westward Ho Country club in Sioux Falls is changing its name to The Country Club of Sioux Falls.  Members were notified of the change on Thur...

Full Story
Cattle Spooked By LifeLight Noise

8/30/2014 3:58 PM

Farmers say the annual music event is louder this year, and it's causing some problems with their cattle.

Full Story
Sanford And First PREMIER Bank Hosting Concert For Employees

8/29/2014 11:30 AM

Employees from two Sioux Falls employers have an opportunity to see a private concert with two country headliners at the Denny Sanford PREMIER Center.

Full Story
Kraft Recalls American Cheese Singles

9/1/2014 3:59 PM

Before you pack those Kraft American Singles in your child's lunch, you'll want to check the date on the package.

Full Story


Events